An Indianapolis attorney was sentenced to eight years in prison today for stealing $596,000 from a guardianship trust account of an Alzheimer's patient and a family trust account for which she was responsible.Stacy Sheedy pleaded guilty in March to two counts of theft.
Marion County Prosecutor Terry Curry told Marion Superior Judge Mark Stoner during the sentencing hearing that "as an attorney. it offends me that another attorney would engage in this conduct."
Curry said he wanted to personally appear in court because he considered the crime so grave.
The guardianship account supported an elderly widow with Alzheimer's disease residing in a nursing home. Unauthorized withdrawals and unaccounted-for funds from the guardianship accounts totaled more than $172,000. Sheedy made at least 32 unauthorized withdrawals over six months, investigators found.Additionally, a brokerage account within the trust was valued at $501,000 when Sheedy became trustee, and was valued at $168 in January. Prosecutors alleged that Sheedy made unauthorized withdrawals from the trust account of $412,500.
"I find this absolutely shocking," Stoner said. "You have not just harmed the legal profession but the entire culture."
Full Article and Source:
Judge Sends Attorney to Prison for Plundering Alzheimer's Patient's Account
See Also:
IN: Attorney Stacy Sheedy Pleads Guilty in $596K Fraud
4 comments:
Only eight years? I don't think that's enough time.
Bye bye Sheedy. Let's hope other lawyers of your caliber have suffered a scare.
they are all over the state of Florida, raiding elderly accounts in the name of fees!
8 years? That's it? do the math the perp will be out in what 4 years? Where there is one there are many. Just think what we don't know and how much she pocketed due to statute of limitations. I suggest those statutes be increased significantly because the fiduciaries know how to 'play the system' work the court in their favor = ENOUGH ALREADY!!!
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